Application of Capital Contributions. The Managing Partner shall deposit in the NPI Partnership Account the Capital Contributions of the Limited Partnership and the Managing Partner and apply such Capital Contributions to the payment of the Acquisitions Fee. The balance of such Capital Contributions shall be held in the NPI Partnership Account to be applied to the payment of Property Acquisition Costs and, to the extent not payable out of Income or Investment Income, Direct Administrative Costs and other NPI Partnership costs (except General and Administrative Costs) allocable to the Limited Partnership; provided, however, that such funds may be temporarily invested prior to the payment of such costs in accordance with Section 9.3.
Appears in 6 contracts
Samples: Geodyne Institutional Pension Energy Income P-2 LTD Ptnship, Geodyne Institutional Pension Energy Income P-2 LTD Ptnship, Geodyne Institutional Pension Energy Income P-2 LTD Ptnship
